HubToken (HUB)

Overview

Project stage

Only a whitepaper

Detailed description

ICOHub is a reputation system for ICO projects and token purchasers, forming a trust network around ICOs. Created by Hub, ICOHub serves as a proof-of-concept application for the Hub Human Trust Protocol.

The ICOHub application enables interested parties to get trust scores and other information about specific ICOs. Initial trust scores are calculated from self-attested information. Additionally, users can help assess the quality of ICOs by voting on the likelihood of success of upcoming ICOs, further enriching ICO reputation data. Once an ICO has completed, users who voted correctly are rewarded with Hub tokens. As users vote, they collect a verified and portable reputation history about their knowledge and expertise about ICOs.

ICOHub also allows ICO projects to enhance their own reputation and trustworthiness. By providing additional credentials about their ICO, the trustworthiness of their project increases. For instance, a partnership with the ICO Governance Foundation (IGF) will allow ICO projects to provide an IGF-1 disclosure that will increase their trust score.

Problem

Fundamental Issues With Content & Trust:

Volume & quality of contentSocial platforms and messengers are flooded with unwanted messages and inaccurate or misleading content that lead to faulty decision making.

Maximum # of trusted contacts is limitedThe Dunbar number says the average person can maintain at most 150 trusted connections, yet today’s world demands interactions well beyond this limit.

IdentityAssociate reputation data to identities. Each account will reference an identity using decentralized digital identities.

ReputationCapture rich and raw reputation data by which applications can enable users to make the best interpretation of trustworthiness.

TrustProvides for evaluating a user’s capability and intent on a new interaction.

Features

Trust leads to greater economic valueBy securing trust and decentralizing reputation data on a blockchain, the Internet will offer greater economic value to users to gain more opportunities, command higher premiums for their products and services, and get more cooperation from others.

Earn trust through interactionsThe Hub token lets users earn trust as a result of successful interactions. Selecting from a growing library of smart contracts for user interactions to transactions, users “stake” their success with tokens and build their reputation as the basis for trust.

Portable, verifiable, owned by youPortable across applications, verifiable with interaction histories, reputation data will be self-sovereign to you. You control how it is accessed by applications and communities. Trust becomes a “prediction market for human behavior”.

Additional links

Token details

Token symbol
? Token symbol — a shorten token name. It is used during an ICO and after the coin listing at the cryptocurrency exchanges. :HUB

Fundrasing target ? Fundraising target — the maximum amount of funds to be raised during an ICO. When it is reached, the developers stop selling the tokens because they do not need to raise more money for the project development. : NA

Token type ? Token type — a platform for a startup launch that influences the stability of blockchain operation, the speed of transactions and the fees. :Ethereum (ERC20)

Soft cap ? Soft cap — the minimum amount of funds to be raised for the project development. Sometimes when the soft cap has not been reached, the money is returned to the participants. : NA

Role of token ? Role of Token — type of token depending on the opportunities it offers to its owner. Utility tokens give their owners a right to use the project services, security tokens are aimed at bringing profit, and currency tokens are a money substitute. :Utility token

Total supply ? Total supply — a total amount of tokens that will be released by the developers. :NA

Escrow agent ? Escrow agent — a qualified agent who has the right of signature in a multisig wallet. An escrow agent participates in an ICO, monitors the financial operations of the developers and confirms their fairness. :No

Tokens for sale ? Tokens for sale — the number of tokens offered to the participants of an ICO. :NA

Whitelist ? Whitelist — a list of participants, who get an opportunity to buy tokens. To be whitelisted, you need to register on time because the number of participants and the registration period are usually limited. :Whitelist Open

Additional emission ? Additional emission — an additional release of tokens. It can be done once after the crowd sale or on an ongoing basis. In the projects with a limited emission there is no additional emission. :No

Exchange listing ? Exchange listing — an assumed date when the token will be listed at a cryptocurrency exchange. The developers usually indicate it in a roadmap and a white paper. :NA

Accepting currencies ? Accepting currencies — cryptocurrencies and fiat currencies that can be used for buying the project tokens. :ETH,

Can't participate ? Can't participate — the countries where it is prohibited to buy tokens. These can be countries where ICOs are prohibited altogether, or countries that have the requirements that a particular project does not meet. :No

Know Your Customer (KYC) ? Know Your Customer — a verification procedure for ICO participants, during which the developers can ask for personal data, a photo and a scanned copy of a passport of a potential investor. :No

Activity

Social

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